Diego Just Finished a Residence in Internal Medicine and Wants

question 11

Essay

Diego just finished a residence in internal medicine and wants to go into practice with Rowan and Desiree. Diego tells you that while he needs to practice with other physicians for call coverage and for other reasons, he does not want to be liable should the other physicians be found guilty of malpractice. You discuss various incorporation options with him, but he tells you that he would like to form a partnership. What business form would you recommend to him and why?

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Definitions:

Southwestern New Mexico

A region in the southwestern part of the state of New Mexico, characterized by its beautiful desert landscapes and rich cultural history.

Real GDP

The calculation of a nation's total economic output accounting for price level changes over time, to represent the real value of all produced goods and services using stable prices.

Annual Growth Rate

The percentage change in the value of a particular economic variable over the course of a year, indicative of the variable's expansion or contraction over time.

Income Rankings

A hierarchy or classification of incomes, from the lowest to the highest.